Eric Epstein’s Comments at the Annual Meeting of Exelon Shareholders, May 1, 2018
I oppose yet another bailout for TMI.
I do not support corporate socialism.
TMI was built by hostage rate payers for $1.1 billion. TMI-2 was bailed out from 1981-1993 at a cost of $987 million under the Thornburgh Plan. TMI-1 was part of the $9 billion deregulation bailout from 1999-2009.
TMI is the most uneconomical reactor in the state, and has lost more than $300 million dollars over the past five years despite the deregulation bailout.
PA rate payers spent over $9 billion dollars to bail out PA's nuclear power plants when electricity rates were restructured at 15% above the national average.
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